Diamond Power and Infrastructure successfully concluded its Qualified Institutional Placement (QIP) on July 28, 2026, raising ₹1,613.97 crore by allotting 7.11 crore equity shares to institutional investors. According to the latest regulatory filing, the company allotted shares at an issue price of ₹227 each, comprising a face value of ₹1 and a premium of ₹226 per share. The issue was priced at a 4.99% discount to the SEBI-determined floor price of ₹238.92 per share, with a face value of ₹1 each. Following the allotment, Diamond Power's paid-up equity share capital increased to ₹59.80 crore from ₹52.69 crore, marking a significant boost in the company's financial capability. The QIP was executed under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, alongside Sections 42 and 62 of the Companies Act, 2013. The allotment was approved by the Management Committee of the company at its meeting held on July 28, 2026, which commenced at 11:30 p.m. and concluded by 11:45 p.m., signifying an efficient decision-making process aimed at meeting regulatory standards and reinforcing stakeholder trust.
Among the prominent allottees in the QIP are Motilal Oswal, HDFC Mutual Fund, Goldman Sachs Funds, and Mirrae Asset. As reported by the latest regulatory filing, these institutional investors participated in the capital-raising exercise through the QIP route, which enables listed companies to raise funds without going through the time-consuming public issue process. Motilal Oswal Mutual Fund received the largest clubbed allocation, with its different schemes allotted a combined 1.76 crore shares, representing 24.78% of the QIP. HDFC Mutual Fund's schemes together received 1.32 crore shares, accounting for 18.59% of the total issue. Goldman Sachs India Equity Portfolio received 42.32 lakh shares, or 5.95% of the issue, while VQ Fastercap Fund and Tata Mutual Fund were each allotted nearly 39.65 lakh shares, accounting for 5.58% apiece. Smallcap World Fund was allotted 72.32 lakh shares, representing 10.17% share in the placement, and HSBC Mutual Fund and Mirae Asset Mutual Fund were each allotted 44.05 lakh shares on a clubbed basis, representing 6.20% of the issue apiece. The placement attracted participation from a broad set of domestic Mutual Funds, foreign portfolio investors, and alternative investment funds, with the inclusion of these institutional giants reflecting strong market confidence in Diamond Power Infrastructure's strategic position and growth potential within the Indian infrastructure sector.
Diamond Power and Infrastructure share price traded at ₹318.00, down 1.05% from the previous close on Tuesday, even as the company disclosed the successful completion of its qualified institutions placement. According to market data, the multibagger stock has delivered 18% returns in a week and 52% returns in a month. The stock has given multibagger gains of 130% on year-to-date basis and over 93% gains in a year. Looking at the broader level, the stock has more than quadrupled investor's money by delivering 1,67,873% returns in three years and 3,18,900% on BSE. The stock turned green after falling over 2% during the intraday session on Wednesday, benefiting from the broader market strength with the Nifty 50 index rising 1.03% to 24,231.75. The allotment reaffirms Diamond Power Infrastructure Limited's commitment to enhancing shareholder value and supporting its growth initiatives, with the injection of capital expected to fortify the company's financial structure, enabling it to scale operations and explore new business opportunities effectively.
Diamond Power Infrastructure is an Ahmedabad-based company engaged in the manufacture of power cables and conductors, catering to the infrastructure and power transmission sectors. The company supplies to utilities, industrial clients, and government projects across India. Earlier this month, the company secured a letter of award (LOA) from Adani Energy Solutions Limited for the supply of AL59 Moose and AL59 Zebra conductors. The QIP opened on July 23 and closed on July 28, with the fundraising carried out under applicable provisions of the Companies Act and SEBI's Issue of Capital and Disclosure Requirements Regulations. The company has submitted the necessary documentation to regulatory authorities, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The allotment marks a significant boost to the company's equity base, with the company disclosing details of major subscribers who received more than 5% of the total shares offered, reflecting strong institutional confidence in Diamond Power Infrastructure's strategic position and growth potential within the Indian infrastructure sector.
